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05 April 08:45 AM

Telecom Egypt (ETEL)

Last update: 2 April 02:28 PM market time.
84.49
-0.09
-0.11%
Open 84.50
Previous Close 84.50
High 85.34
Low 82.16
Stock Statistics
Volume 1,282,377
Turnover 108,135,352.00
All data are 15 minutes late during market session

News

TE has hired Al-Tamimi & Co. Law Firm as its legal advisor
16 May 2018 01:21 PM TE appoints Al-Tamimi & Co as legal advisor for acquisition of MENA Cables
Cairo – Mubasher: Telecom Egypt and MENA submarine Cables has reached a final agreement regarding TE’s full acquisition of the latter for $90 million. TE has hired Al-Tamimi & Co. Law Firm as its legal advisor, while Ibrachy Legal Consultancy …
Corporate Actions
Vodafone’s shrinking bottom-line and debt burden have trimmed TE’s profitability
10 May 2018 03:58 PM Pharos Research maintains ‘Equalweight’ for TE at FV of EGP 15.25/shr
Cairo – Mubasher: Pharos Research has maintained their “Equalweight” rating recommendation for Telecom Egypt (TE) on a fair value (FV) of EGP 15.25 per share. Vodafone’s shrinking bottom-line and debt burden have trimmed TE’s profitability, the …
Stock Evaluations
These facilities aim to convert short-term overdrafts in US dollar to long-term loans
10 May 2018 02:44 PM TE's board OKs $1.6bn credit facilities
Cairo – Mubasher: The board of Telecom Egypt (TE) has approved to obtain long-term facilities worth $900 million. The board has also approved a five-year syndicated loan worth $500 million to be arranged by Mashreq Bank and First Abu Dhabi Bank …
Banking and Finance
TE has acquired a subsidiary of MENA Submarine Cable at a total value of $90 million
10 May 2018 00:57 PM TE acquires MENA Submarine Cable for $90m
Cairo – Mubasher: The board of Telecom Egypt (TE) has approved a subsidiary's acquisition of MENA Submarine Cable at a total value of EGP 1.6 billion ($90 million). The aforementioned value will be financed through a shareholder loan from TE, the …
Mergers and Acquisitions
TE’s share from Vodafone Egypt’s earnings retreated to EGP 286 million in Q1-18
10 May 2018 11:47 AM Telecom Egypt's Q1 profits slide 48%
Cairo – Mubasher: Telecom Egypt (TE) on Thursday reported a 48% year-on-year drop in consolidated profits for the first quarter of 2018, recording EGP 689.6 million from EGP 1.3 billion, including minority shareholders’ rights. Revenues grew to …
Financial Results
TE would only sell their stake in Vodafone Egypt if it reaches a “critical mass” in the mobile operator market
17 April 2018 00:50 PM TE not to sell stake in Vodafone Egypt
Cairo – Mubasher: Telecom Egypt (TE) has no urgent plans to exit from Vodafone Egypt as the state's landline monopoly deems it a very good investment, TE’s senior investor relations director Sarah Shabayek has said. TE would only sell their stake …
Corporate Actions
The loan measures are going on well as planned
3 April 2018 03:55 PM TE denies suspending EGP 13bn loan
Cairo – Mubasher: Telecom Egypt (TE) on Tuesday denied the suspension of an EGP 13 billion ($738.64 million) loan. The loan measures are going on well as planned, the state's landline monopoly said in a statement to the Egyptian Exchange (EGX). …
Banking and Finance
The OGM has nodded to distribute a per-share dividend of EGP 0.25
29 March 2018 01:30 PM TE nods to EGP 42.6m dividends for 2017
Cairo – Mubasher: Telecom Egypt’s (TE) ordinary general meeting (OGM) has approved the proposed dividends for 2017 of EGP 42.6 million. The OGM has nodded to distribute a per-share dividend of EGP 0.25 for shareholders, the company said in a …
Cash Dividends
The OGM is scheduled to be held on 29 March to discuss the adjusted dividends proposal for 2017.
28 March 2018 11:36 AM TE to cut 2017 dividends to EGP 0.25/shr
Cairo – Mubasher: Telecom Egypt’s (TE) board of directors on Wednesday announced it will amend the dividend distribution proposal for 2017 to EGP 0.25 per share, instead of a per-share dividend of EGP 1. The board has proposed the payment of EGP …
Cash Dividends
MubasherTrade Research has maintained its Buy/Moderate Risk rating for Telecom Egypt’
6 March 2018 09:20 AM MubasherTrade maintains Telecom Egypt PT at EGP18.8/shr
Cairo – Mubasher: MubasherTrade Research has maintained its Buy/Moderate Risk rating for Telecom Egypt’s stock with the same price target (PT) of EGP 18.80 per share, implying an upside potential of 53%. Telecom Egypt’s top-line revenues rose by …
Stock Evaluations
The board also proposed distributing a cash dividend of EGP 1 per share for 2017
5 March 2018 00:00 PM Telecom Egypt proposes EGP 1.7bn dividends for 2017
Cairo – Mubasher: Telecom Egypt’s board recommended cash dividend distributions to shareholders of EGP 1.7 billion for 2017. The board also proposed distributing a cash dividend of EGP 1 per share for 2017 and retaining around EGP 520.6 million …
Cash Dividends
Net profit amounted to EGP 3.2 billion last year
5 March 2018 11:38 AM Telecom Egypt profits rise 18% in 2017
Cairo – Mubasher: Telecom Egypt on Monday reported an 18% year-on-year surge in consolidated profits for the full-year 2017. Net profit amounted to EGP 3.2 billion last year, compared to EGP 2.7 in 2016, including minority shareholders’ rights, …
Financial Results
The deal will allow TE to better monetise its current investments in the fiber network
21 February 2018 10:52 AM TE, Orange Egypt ink bitstream services deal
Cairo – Mubasher: Telecom Egypt (TE) has signed a three-year agreement with Orange Data to provide infrastructure and transmission services. The agreement was signed by TE’s managing director and CEO Ahmed El Beheiry and Orange Egypt’s CEO …
Companies Investments
Photo Archive
25 January 2018 06:21 PM TE to benefit from recent legal settlements
Cairo - Mubasher: Telecom Egypt (TE) has settled a number of legal disputes over the last two months, which is expected to positivelt affect tits financial performance. TE’s stock is expected to go up by as much as 36%, supported by resolving the …
Sector Reports
TE will pay $48 million to Etisalat Egypt to alleviate an estimated potential risk of more than $100 million
23 January 2018 01:54 PM TE, Etisalat Egypt ink $48m settlement agreement
Cairo – Mubasher: Telecom Egypt (TE) on Tuesday announced that it has reached a final settlement agreement with Etisalat Egypt regarding a dispute over international calls services. As per the agreement, TE will pay $48 million to Etisalat Egypt …
Corporate Actions
In September, TE had become Egypt’s fully integrated telecom operator
22 January 2018 01:12 PM Telecom Egypt upgrades investor relation portal
Cairo – Mubasher: Telecom Egypt (TE) on Monday announced that it has revamped its investor relation website. The new portal will offer a new experience to the investor and analyst community that matches TE’s new brand values of being closer to our …
Corporate Actions
Alternative capacities were deployed for all the affected lines
2 January 2018 05:34 PM TE fully restores Internet services after fixing Mediterranean cable
Cairo – Mubasher: Telecom Egypt (TE) on Tuesday announced that it has restored internet services in total capacity across the country after fixing a major internet cable in the Mediterranean Sea. The submarine cable, partially owned by TE, was …
Companies Investments
The service is expected to be completely restored gradually within a few days
2 January 2018 11:29 AM TE works to solve internet problem in Egypt, other countries
Cairo – Mubasher: Telecom Egypt (TE) has announced that it is working on resolving a problem regarding the internet efficiency in Egypt and some neighbouring countries. The service is expected to be completely restored gradually within a few days, …
Companies Investments
TE targets total revenue growth in the range of high single-digit to low double-digit in the 2018 budget
28 December 2017 00:39 PM TE approves 2018 budget, eyes high revenues
Cairo – Mubasher: Telecom Egypt’s (TE) board of directors have approved the budget for the fiscal year 2018. TE targets total revenue growth in the range of high single-digit to low double-digit in the 2018 budget, the company added in a statement …
Financial Results
The board decided to increase other allowances by 10%
26 December 2017 00:45 PM Telecom Egypt to offer 10% bonus, pay hikes in 2018
Cairo – Mubasher: Telecom Egypt’s board on Monday approved to grant its employees a 10% bonus of base salary in 2018, according to a company statement. The board decided to increase other allowances by 10% as of January 2018, the company said in a …
Management Decisions
Pharos upgrades TE FV at EGP 15.25/shr
14 December 2017 08:05 PM Pharos upgrades TE FV at EGP 15.25/shr
Cairo – Mubasher: Pharos Research has upgraded the fair value (FV) of Telecom Egypt (TE) at EGP 15.25 per share, with an "Equalweight" recommendation, according to a recent report. TE’s launching for mobile services is a double-edged sword as it …
Stock Evaluations
Who benefits from Orange - TE settlement?
3 December 2017 04:32 PM Who benefits from Orange - TE settlement? - Analysis
By: Heba El-Kordy Cairo – Mubasher: Orange Egypt for Telecommunications and Telecom Egypt (TE) were able to sort out their long-lasting disputes over EGP 74 million. Analysts expressed different opinions on the impact of the settlement on both …
Corporate Actions
TE names Pyramids Telecom as 1st distributor of WE mobile services
29 November 2017 00:51 PM TE names Pyramids Telecom as 1st distributor of WE mobile services
Cairo – Mubasher: Telecom Egypt (TE), Egypt’s first fully-integrated operator, has signed a cooperation agreement with Pyramids Telecom as the first authorized distributor of WE’s mobile services. This move comes in light of TE’s efforts to …
Companies Investments
Orange Egypt signed an EGP 74m settlement agreement with TE
23 November 2017 02:10 PM Orange Egypt settles EGP 74m disputes with TE
Cairo – Mubasher: Orange Egypt for Telecommunications has signed an EGP 74 million settlement agreement with Telecom Egypt on Thursday. Orange Egypt has paid EGP 72 million, in addition to EGP 2 million, to settle its international arbitration and …
Company News
Orange Egypt to settle EGP 72m arbitration with TE
22 November 2017 00:43 PM Orange Egypt to settle EGP 72m arbitration with TE
Cairo – Mubasher: Orange Egypt for Telecommunications will pay EGP 72 million to settle its international arbitration with Telecom Egypt (TE). The board of Orange Egypt has agreed on signing a settlement agreement in November to resolve all of the …
Corporate Actions